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Hello
this is a very serious warning
On the front page of barrons is a push to get
into the market
cnbc had last week a program with the same
idea
TAKE your IRA
$401k or ANY conservative money out of the
market
above is just a contrary view
HOWEVER
it is also supported by technicalls
when we made a new high a few days ago it was not
confirmed by new high/new lows
the mbi (see gif mbi061603) is
under both moving averages
mbi is market barometer and measures
sum of market technicals
volume macd went under the zero
line
diff of the 2 m/a on volume went on a
sell
and the icing on the cake is the candle
pattern that sp500 gave Friday and Thursday
please be careful
the perfect stop loss is suggesting
go long on close above 997.75
add to shorts on close under
986.35
nice evening
Ben
home of the perfect stop loss
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